Product Description

CURRENT VERSION – V.5- Released June 2014

Under ISQC 1 all firms of auditors MUST have quality control procedures in place over the audit and assurance work their practice conducts. Having an audit manual is just part of that. Specific quality policies and procedures are also needed. This is why you need this product. The product can be ordered regardless of whether you use the PCP audit programme.

The aim of our manual is to provide you with all the documentation you need to ensure your practice complies with the requirements of ISQC 1. The manual is available as a download and has the following main features:

Guidance on the requirements of the standard

Standard procedures that can be tailored to your specific requirements; and

Standard forms and letters to help you with compliance

The documentation can be completed on screen and either printed off for a hard copy of your procedures, or your procedures can be kept electronically.

For existing users, the Clarity ISA update is essential to ensure that your procedures remain up to date. We have also improved on the logic and flow of the document to make it easier to follow and have added in additional forms to enhance the document.

Updated Version now includes:

Additional guidance in certain areas such as engagement performance

Amended ‘Our Firm’s Procedures’ to include all work captured by ISQC 1, including outlining how each piece of work will be performed in terms of systems to be used.

An expanded Human Resources section;

An added a form on client feedback;

An added a section on a business plan for a firm of accountants; and

Added specimen letters for letters of representation and management letters in accordance with ISA 260.

We have also consolidated the manual into one word document for you to download.

The product is available via web login and only relevant in the UK. On purchase, you will be sent an email which will give you access to the product at www.pcpproducts.com

This product is now provided on a rolling 12 month basis- all updates are included in that period, but access will be need to be renewed in 12 months time.